Labour warned £22bn shortfall will last years without higher taxes or cuts

Resolution Foundation says overspend chancellor claims she inherited will persist unless tough choices are made

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Rachel Reeves has been warned that most of the £22bn shortfall in the public finances Labour claims was covered up by the Conservatives will continue to hang over the government by the end of the decade.

In a downbeat report before the chancellor’s budget later this month, the Resolution Foundation said as much as £19bn of the shortfall would persist until 2029-2030 unless Reeves took action to raise taxes or cut spending.